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Feb 6, 2013 7:30am EST
of the yen. subaru is also looking for a higher operating profit of more than $1.1 billion. that's a gain of 30% from its earlier projection. two other automakers, toyota and diahatsu increased their outlook. >> officials at a utility said they reached a broad agreement buying up 800,000 tons of shell gas every year. the 20 year contract would begin in 2017. tepco executives say they are in the final changes of negotiations with other businesses and asked to buy 1.2 million tons of shale gas. using shale gas instead of conventional natural gas helps to cut overall fuel costs by $530 million a year. the rising costs of fuel for thermal powered generation have been weighing on the company's finances ever since the fukushima nuclear accident. a weaker yen is pushing up the price of imported fuel. tepco's fuel costs are likely to reach $30 billion this year. >>> japanese businesses are searching for more investment opportunities overseas and eager to hire more foreign students. the unique career fair was held in tokyo. we have more. >> reporter: 60 international students from often count
Feb 13, 2013 7:30am EST
james at the firm's headquarters here in tokyo. the company does make the subaru brand of cars. they say the weaker yen is helping the company's business to improve. they also asked each employee receive a bonus equal to five months of wages plus about $1,000. union leaders did not ask for an increase in base salaries. they cited uncertainty over japan's economic outlook. many auto worker unions dropped their demands for raising salaries this year. auto company executives are expected to be cautious about agreeing to any increase in labor costs. they say competition with overseas automakers is becoming too fierce. nhk survey shows many leading japanese firms remain reluctant to offer wage increases during these negotiations. nhk surveyed 100 major companies between late january and early this month on economic prospects. 79 companies said they expect an upturn this year. many cited the government's economic stimulus measures as a reason. the weaker yen was also another factor here. when asked about their stance on the wrong going annual wage negotiations, none of the respondents said
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